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Castleview Property Fund (JSE:CVW) EBIT : R2,909 Mil (TTM As of Sep. 2024)


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What is Castleview Property Fund EBIT?

Castleview Property Fund's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2024 was R2,057 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was R2,909 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Castleview Property Fund's annualized ROC % for the quarter that ended in Sep. 2024 was 4.05%. Castleview Property Fund's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 177.85%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Castleview Property Fund's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 13.43%.


Castleview Property Fund EBIT Historical Data

The historical data trend for Castleview Property Fund's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Castleview Property Fund EBIT Chart

Castleview Property Fund Annual Data
Trend Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Mar24
EBIT
Get a 7-Day Free Trial 33.92 -10.42 31.04 2,486.59 1,232.85

Castleview Property Fund Semi-Annual Data
Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Sep23 Mar24 Sep24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 84.61 2,401.99 380.98 851.88 2,057.28

Competitive Comparison of Castleview Property Fund's EBIT

For the REIT - Retail subindustry, Castleview Property Fund's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Castleview Property Fund's EV-to-EBIT Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Castleview Property Fund's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Castleview Property Fund's EV-to-EBIT falls into.



Castleview Property Fund EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Sep. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was R2,909 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Castleview Property Fund  (JSE:CVW) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Castleview Property Fund's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:

ROC % (Q: Sep. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2024 ) + Invested Capital (Q: Sep. 2024 ))/ count )
=897.346 * ( 1 - 0% )/( (21387.74 + 22962.423)/ 2 )
=897.346/22175.0815
=4.05 %

where

Invested Capital(Q: Mar. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=21805.224 - 161.295 - ( 256.189 - max(0, 3070.148 - 3576.335+256.189))
=21387.74

Invested Capital(Q: Sep. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=23364.817 - 501.739 - ( 160.586 - max(0, 2963.662 - 2864.317+160.586))
=22962.423

Note: The Operating Income data used here is two times the semi-annual (Sep. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

Castleview Property Fund's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2024  Q: Sep. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=4114.566/( ( (2.999 + max(2518.884, 0)) + (1.668 + max(2103.391, 0)) )/ 2 )
=4114.566/( ( 2521.883 + 2105.059 )/ 2 )
=4114.566/2313.471
=177.85 %

where Working Capital is:

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(20.521 + 448.839 + 2691.794) - (161.295 + 0 + 480.975)
=2518.884

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(187.094 + 352.804 + 2112.221) - (501.739 + 0 + 46.989)
=2103.391

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Sep. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Castleview Property Fund's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=2909.161/21654.237
=13.43 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Castleview Property Fund EBIT Related Terms

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Castleview Property Fund Business Description

Traded in Other Exchanges
N/A
Address
13 Hudson Street, De Waterkant, Woodstock, Cape Town, WC, ZAF, 8001
Castleview Property Fund Ltd is a property holding and investment company in South Africa. Principally, it invests in a diversified portfolio of retail properties situated in South Africa. The company also invests in regional shopping centers like Pier 14 Shopping Centre located in the Eastern Cape.

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